Monday, October 25, 2010

The rich get richer

The number of Americans making $50 million or more, the top income category in the data, fell from 131 in 2008 to 74 last year. But that’s only part of the story.


The average wage in this top category increased from $91.2 million in 2008 to an astonishing $518.8 million in 2009. That’s nearly $10 million in weekly pay!

The total income brought home by the over-$50 million club more than tripled from 2008 despite having fewer members. Those seventy-four people brought home more money than the bottom 19 million American workers combined

http://www.cjr.org/economic_crisis/the_50_million-a-year_club_boo.php

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